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"The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?

Tyler Durden's picture


If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn't. The founder of Global Macro Investor "previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe... Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes." It is his writing we are concerned about, and specifically his latest presentation, which is, for lack of a better word, the most disturbing and scary forecast of the future of the world we have ever seen....

And we see a lot of those.

Consider this:

  • We are here...

  • We don’t know exactly what is to come, but we can all join the very few dots from where we are now, to the collapse of the first major bank…
  • With very limited room for government bailouts, we can very easily join the next dots from the first bank closure to the collapse of the whole European banking system, and then to the bankruptcy of the governments themselves.
  • There are almost no brakes in the system to stop this, and almost no one realises the seriousness of the situation.
  • The problem is not Government debt per se. The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives…
  • Yes, that equates to 1200% of Global GDP and it rests on very, very weak foundations
  • From an EU crisis, we only have to join one dot for a UK crisis of equal magnitude.
  • And then do you think Japan and China would not be next?
  • And then do you think the US would survive unscathed?
  • That is the end of the fractional reserve banking system and of fiat money.
  • It is the big RESET.

It continues:

  • Bonds will be stuck at 1% in the US, Germany, UK and Japan (for this phase).
  • The whole bond market will be dead.
  • Short selling on bonds - banned
  • Short selling stocks – banned
  • CDS – banned
  • Short futures – banned
  • Put options – banned
  • All that is left is the Dollar and Gold

It only gets better. We use the term loosely:

  • We have around 6 months left of trading in Western markets to protect ourselves or make enough money to offset future losses.
  • Spend your time looking at the risks of custody, safekeeping, counterparty etc. Assume that no one and nothing is safe.
  • After that…we put on our tin helmets and hide until the new system emerges

And the punchline

From a timing perspective, I think 2012 and 2013 will usher in the end.




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Fri, 06/01/2012 - 03:19 | 2482710 GernB
GernB's picture

Things don't typically happen like that. Market never travel in a straigt line, even when plunging. The stock market crash of 1929 was only the beginning. The initial decline was from 381 at it's peak on 3/9/1929 to about 199 on 3/11/1929. For the next half a year the market struggled recovering about 1/3 of it's loss before the real decline set in. It did not hit the bottom until the market hit 41 on 8/7/1932. The depression was not thought to have really begun until 1930 a year after the 1929 crash, and things got progressively worse until 1932. Bank closures occurred throughout the 1930s.

The point is it's easy to imagine to imagine such a crash happening fast, and that would be merciful, but it is more typical for the pain to be long and drawn out with many foolish attempts to fix the problems along the way, and a lot of misery. Typically you are right, the initial shock is breathtakingly swift, but the consequences take years to work themselves out completely.

Fri, 06/01/2012 - 12:33 | 2484585 boiltherich
boiltherich's picture

Things don't typically happen like that. Market never travel in a straigt line, even when plunging.


So true GernB, though many scenarios could play out, and none that I foresee is going to be typical, but then I do not claim to have ESP so really what does any poster here know but to use history as a guide even if it means having to exaggerate some of the details.  I think we could be in for a lost generation of flat to down, plunge, flat to down, like Japan since the 90's but rockier.  On the other hand I also can easily imagine a Soviet style collapse and break up.  Or, a world war that absorbs millions and millions of now surplus bodies into the military and war industry, along with the rationing and all. 

And the triggers out there are numerous, which will start it is anyone's guess, I just don't think derivatives have that power unless they sink more than one major Lehman type bank at the same time.  If it were confined to a smaller bank they could sterilize the damage just as they have sterilized all the Fed and ECB PBOC printing, but if more than one major was destroyed it can bring down the whole enchilada and it will happen one day because global finance is a total clusterfuck, a Gordian knot of interconnected markets and contracts that they neither can or will disentangle.

Sat, 06/02/2012 - 12:32 | 2487271 BlandJoe24
BlandJoe24's picture

possible, but one of the many things that are different these days than in the 1930's is the digital nature of all these transactions - so reactions/responses can cascade much more quickly

Fri, 06/01/2012 - 04:30 | 2482766 the tower
the tower's picture

You must be American.

Hollywood has never been good at predicting the future.

If your society would not have been so disjointed you would see that life goes on, just different.

Thu, 05/31/2012 - 21:39 | 2482088 Yes_Questions
Yes_Questions's picture



Thanks Michael.

I was wondering what to mix up with my next viewing of NETWORK.


Fri, 06/01/2012 - 00:47 | 2482564 Michael
Michael's picture

You're welcome Y_Q.

Full movie on Youtube;

Rollover (1981)

Fri, 06/01/2012 - 21:18 | 2486547 BenLightYear
BenLightYear's picture

I guess what I can't figure out is the concept of a crisis that goes so far beyond a solution that the world as we know it crumbles. Especially in the USA. I can imagine a few weeks of turmoil, upheaval, complications, and disruptions. I can imagine even short term chaos. What I can't imagine or foresee are the types of sparks that would instigate long term problems.

I find even bank runs in the USA a remote if not improbable possibility. The reason being nobody wants to go home with 100k in cash when their is rioting in the streets. Bank deposits are guaranteed by an entity backed by an entity that can print all the money it needs. That printing is not hyperinflation inducing since the money already exists albeit on a computer instead of physical paper.

The premise of so much of this scaremongering I find wanting. Wanting of reason. I am going to go over a couple things for the purpose of provoking thought and debate. I understand it may be contrary to some hopes and beliefs here however I believe rational thought is important when looking to the foreseeable future.

First I would like to discuss silver. I will first state that I agree with a lot of the reasons to invest in silver, at the right price, under the right conditions, and at the right times. I understand it is rarer than gold, is used and not retrieved, and that in the past it has been a monetary metal. I understand that owning an asset with no counterparty risk, low to no maintenance costs, and a viable marketable use are great positives. I myself have owned large amounts of silver and still do however to a much lower extent given the economic climate.

The issue it seems is not with the reasons to own silver that are well known but the reasons to not own silver at certain times. It seems so many think that during an economic collapse silver would be a great thing to own. I find that to be quite irrational thinking for many reasons. First of all during an economic collapse a lot of businesses are strained, constrained, face hardships, lower demand, and in some cases inability to continue operations. A lot of the industry that uses silver would hardly be immune to such issues during an economic collapse. You would have much lower industrial demand of silver due to less consumer demand of products silver is used for.

Next it would be mindful to think about consumer demand of such an asset during such a crisis. When industry starts to falter and collapse the most immediate effect of such would be mass firings, and layoffs. Not only a reduction of disposable income ( where capital that gets invested comes from) but actual necessary income for survival necessities. At such a time few will be looking for assets to protect money they don't have, won't be recieving on a current basis, or have hopes to recieve in the future. They will be concerned with the staples that allow their family to survive such a crisis. Food, water, protection, and the little things we take for granted today like toilet paper.

Lastly I will address the value of silver at such a time. Currently the value of silver is based on an open market of buyers and sellers ( albeit on paper) that fluctuates daily and is accessible to almost everyone. If the banks close, the military is in the streets, and industry deteriorates, I am at a loss to understand why the commodities markets would still properly function as they do today. So how does one value an asset in an atmosphere that is makes price discovery all but impossible. How could you buy or sell something with so little knowledge of what it may be worth? I understand supply/demand. I understand that over time and equilibrium would be worked out. I just don't see how it would be to silvers benefit in the end.

When you combine those 3 major factors I find silver to be a bad store of wealth in such a climate. I believe the ratio of silver to food, silver to toilet paper, silver to guns, silver to water, and so on would be much to the chagrine of silver owners than it is today. Personally I like bicycles, toilet paper, simple energy suppliers ( solar panels, machines that would turn energy produced from a stationary bicycle into energy, means of protection, duct tape, and so on much better investments. The appreciation of those items would far surpass the appreciation of silver. I guess there in lies the difference between someone who is prepared for whatever may come and those deluded with irrational thought. If you own silver but don't have a stock of toilet paper you would learn shortly after the collapse that toilet paper is intrinsically more valuable.

Gold. Up until maybe 10-15 years ago I would offer very little argument against owning gold even though some reasons against might follow the same as my reasons against silver. I think what a lot of people fail to understand is that silver and gold were at one point money. However that was a couple generations ago. A few generations time is enough for a societal shift in viewing of such. Ask the average person on the street when was the last time money was redeemable for gold or silver was actually minted money and you will get a blank stare. 47 years for silver. 47 years since silver was money. Believe it or not but that small amount of time is enough to condition those who grew up during such a time to not view silver as money. Close to double that long for gold. Society today does not view silver and gold as money.

Between the two I find gold to be a much safer investment under the possibility of a systematic collapse. Once things are put back into order they will do so under one of two conditions. The first being with gold as the underlying asset that all other assets are valued and as the main indicator of economic operations. This is a possibility. The problem is that fiat money is not the reason we find ourselves in dire straits today. It is not the reason we would be facing economic collapse in 6 months. For that reason alone I do not see money reverting back to gold. It is much better as an asset than it is as money.
The second is fiat once again. Maybe a revalue, a slight change, maybe something along the lines of SDR's. I find this too be a much better possibility. Especially for owners of gold. Not in the short run. When things are being put back together I believe they will look too keep the price of gold low to try to direct capital towards economic investment rather than static assets. Long term 20 years after things collapsed I see a very nice return on purchases of gold made today.

I do not mean to judge anyone looking to protect their capital. I do not mean to deride anyone for trying to do what's best for themselves and their loved ones. I do however take issue with this promoting of economic collapse. This idea the world will be better off by collapsing society and starting over. The progress made in the last 50 years is nothing short of extraordinary. I do believe we have erred quite a bit. An unnecessary wasting of valuable resources, a loss of community and the ideals of family, a decline of moral and social values, a hubris in regards to what we believe we deserve and are entitled too. But let their be no mistake the standard of living we enjoy today has steadily increased decade after decade for over 100 years. To look forward to the collapse of such progress is quite saddening. I understand not everyone on this site goes too sleep at night dreaming of collapse but the majority do. It is even evident in the way the articles on this site are written. They are conditioning you in the same way our govt and TPTB have done. Conditioning you too think that we would all be better off with a collapse. I would love too see change as much as most however I for one am not willing to forfeit society, my family, my standard of living in reasonable terms, for said changes. I view it much like I view revolution. A peaceful, reasoned, thought out systemic change is much preferable to a complete collapse just like a peaceful revolution is much preferable to a violent one.

I believe a lot of people have been deluded with the thoughts of becoming the rich after the collapse by owning PM's that they fail too see the ultimate price that would be paid. The sacrifice of so many so a few could enjoy a more wealthy lifestyle. In fact the irony too me is that so many who deride the elite actually promote and ope for a collapse so they can become exactly what it is they say they despise.

If you are not happy with the life you have today then change it. Get a better job, save a bit more money, be more attentative to your nvestments, find things that make you happy like giving back to the community, spending more time with your family, or focus on things that actually make you happy rather than focusing on money, wealth, and material objects.

Sat, 06/02/2012 - 07:18 | 2487010 Harlequin001
Harlequin001's picture

Ben, I would like to pen a longer response in reply to this but time is short, so I must be brief. Maybe I'll be back later, maybe not.

'Lastly I will address the value of silver at such a time. Currently the value of silver is based on an open market of buyers and sellers ( albeit on paper) that fluctuates daily and is accessible to almost everyone.'

With so many 'opportunities' available that don't actually allow you to 'own' gold and silver, but paper entitlements to it such as GLD, do you really believe that? If you do it would be good if you can explain the margin hikes which take place every time gold and especially silver start to shoot...

If the banks close, the military is in the streets, and industry deteriorates, I am at a loss to understand why the commodities markets would still properly function as they do today.'

The answer is that they wouldn't. Commodities markets would function based on real prices, not those arbitrarily decided by how much short a bank can be with unlimited funds, and pm's would not function as a commodity at all, but as a money, just like they always have, until recently that is.

I don't belieev that people actually wish for collapse to get rich, they understand that there is nothing they can do to stop it just as there was nothing they could do to prevent it. We buy gold because we can, and because we have bicycles and toilet paper stashed in our pantries. Investment in gold and silver merely represents what's left.

as a store of value...

IMO there is a great deal wrong with what you say. Till later...

Sat, 06/02/2012 - 16:10 | 2487665 BenLightYear
BenLightYear's picture

Or the margin cuts when it starts to drop? First you have to remember those contracts are not paid in value. What I mean is you are purchasing a certain amount of contract for a certain amount of money. A contract on 1000$ of silver doesn't cost you 1000$. Since people are buying on margin they have to control the margin so people don't end up owing more than they haven an account. For example 10k in account, a huge loss, and they owe 15k. The other thing to keep in mind is a lot of those contracts are purely for speculation. Not actual demand for ownership. Real demand for ownership is with physical.

First of all remember that for a short contract to exist someone has to own the actual contract. If you took shorts out of the equation you would lower overall demand of the contracts thus lowering price. I am of the opposite opinion than a lot of people on this board. Namely that short contracts over time actually help to increase the price rather than lower it.

I tried to acknowledge that not everyone wishes for the collapse and that not everyone is blinded by the greed of getting rich. I apologize if I did not convey that fully. However if you read this blog daily you are as aware as I am that a lot of folks on this blog do feel that way. Which is their right to do. I just believe it has a tendancy to draw others into irrational behavior. I will give you an example of such.

I rode the crap out of the run up in gold and silver. I was a holder of metals long before the last handful of years of excitement. I studied economics not in school to get a job but at home to learn. To understand. Even as we speak I am a big fan of owning metals as a protection against inflation. I believe short of arable farmland they are the best long term investment you can make. They are safe ie low risk, easy to store with little cost, and easy to buy and sell. The problem is they are not worth 50$ an ounce and 2000$ an ounce. They are not. The demand that is required to place that value on them does not exist. Even today's prices are off the mark. I put today's current value on them at around 20$ and 800-1000$.

So when we almost hit 50$ but couldn't hold I figured the top was in. Same with 2000$ on gold. I unloaded at around 42-45 ( I thought we were gonna go past 50 so I didn't sell in the first couple days of down prices) and 1800-1840. I can today purchase my holdings back today at a much lower price then what I sold them for. Before the end of the year they will be even cheaper. When the market hits 20 and 1000$ I will be buying once again. Or if hubris takes over like it did before I might buy in before.

My example. I was talking to one of my customers about gold/silver when it was on the crazy run up. I saw him about once a week for about a month. I did and still could make such a good case for metals ownership that anyone I talk too either takes a position or strongly considers it. Well it seems he was the former. He allocated about 40k to metals ( much to my chagrine paper not physical) in the mid 40's and just shy of 1850$. I made it clear to him if he decided to make a large move to call me and to stay in touch. He didn't call me too tell me he was going to nor after he did so. I didn't see him til after the big drops. When I saw him again he was quite upset with me. Said I had him so convinced and he lost a good deal of capital. He was even more upset when I informed him I had liquidated. I told him that conditions changed and caused me to greatly lower my holdings. I asked him why he didn't call. He said and i quote " why would I call you". Asked what he meant. He told me that I wasn't an investment guy so why would he call me about his investments. I was shocked. He took my advice, made a large position, felt confident in my knowledge, however decided after his position was made he knew better than I did. I asked him why he kept his positions after it was clear they were losing money. He said he was fonna wait til they came back up and he was at least back to even. It was my first personal experience with the ignorance of the average person when it comes to investing.

In regards to them being money. I applaud you for properly stating what is true. They WERE money. So money argue they are still money. I personally prefer them to be an asset because they work much better as an asset. It gives you more options. Better to hold PM's during inflation but horrible to hold during deflation. I understand that in a sense deflation with fair from debt is technically impossible. However I'm not talking about after use inflation. I'm talking about actual economic velocity inflation. More clearly inflation in regards to assets. When times are tough and people are scraping buy to survive the demand for assets falls because assets are a luxury. Food, clothing, shelter, medical care, schooling, etc are necessities.

Sat, 06/02/2012 - 13:32 | 2487386 perchprism
perchprism's picture


Do you two boys want to go too?

Thu, 05/31/2012 - 22:37 | 2482280 The Monkey
The Monkey's picture

Ru Paul - basically another guy in the a financial collapse cottage industry aka Robert Prechter. Was featured a couple of years ago in the WSJ.

He's back in the mix because bearishness is the best time to sell services for calamity.

Fri, 06/01/2012 - 09:26 | 2483595 XitSam
XitSam's picture

Are you FMB from Harvey Organ's blog?

Thu, 05/31/2012 - 20:40 | 2481902 flacon
flacon's picture

Governments have god-like power: August 15th, 1971. It can happen again, but this time the other way around. 

Thu, 05/31/2012 - 22:11 | 2482207 mjcOH1
mjcOH1's picture

Hmmm..... I think the goal is still to find a currency accepted by the people as legitimate that is even less tangible and is more easily manipulated than its predecessor.   If a piece of paper with an arbitrary amount of 0s on it is too difficult to devalue at will, my bet would be on an all-electronic currency that can be re-based by twiddling a bit rather than a currency based on a rare metal of limited quantity that has to be dug out of the ground.

Note to self - less paper, more barbarous relic.

Thu, 05/31/2012 - 22:59 | 2482352 ChrisFromMorningside
ChrisFromMorningside's picture

The plans for the all-electronic currency are being discussed as we speak. Feel free to join the e-dollar steering committee at the Westfields Marriott in scenic Chantilly, Virginia. Just don't get too close to Mr. Soros ... the gentlemen manning the machine gun nests don't like it when you approach the VIPs.


Fri, 06/01/2012 - 00:56 | 2482577 flacon
flacon's picture

Who will buy the bonds to support such a system? THAT is the question...

Fri, 06/01/2012 - 09:31 | 2483627 XitSam
XitSam's picture

Your bank account and 401k will be automatically converted to E-fiat bonds. And since no one need more than $20/day to live, than will be your e-spending limit. 

Fri, 06/01/2012 - 03:54 | 2482738 Flying Tiger Comics
Flying Tiger Comics's picture

Carbon Credits. A fiat currency tied directly to air, water, trees, food, education and "social harmony".

Fri, 06/01/2012 - 05:58 | 2482835 Oh regional Indian
Oh regional Indian's picture

+ 1, definitely part of the Technocratic, Agenda 21 driven mix. Good point, well said.


Fri, 06/01/2012 - 06:54 | 2482915 Go Tribe
Go Tribe's picture

Check out his July 2008 report on his web site. That was scary and came true.

Fri, 06/01/2012 - 21:10 | 2486536 lailapa
lailapa's picture

Global Debt Crisis - The greatest private fraud of human history.

Who are the great fraudsters who are becoming the murderers of the human kind?
How does the economy "illness" threaten Democracy and the freedom of people?

Fri, 06/01/2012 - 23:30 | 2486705 Clashfan
Clashfan's picture

Or simply Atlas Shrugged being used as a script and played out on a global scale.

Thu, 05/31/2012 - 20:51 | 2481937 dirtbagger
dirtbagger's picture

I simply hate people who try to upstage the Mayans

Thu, 05/31/2012 - 21:30 | 2482003 The Big Ching-aso
The Big Ching-aso's picture



I think things will work out just fine for those that make it to Mars and continue our species.

Thu, 05/31/2012 - 22:34 | 2482272 brady
brady's picture

Forget Mars, I'll be blasting off for Newt's moon colony.

Thu, 05/31/2012 - 22:50 | 2482332 The Big Ching-aso
The Big Ching-aso's picture



Wait a sec.   I thought Jerry Brown was starting up that gig.

Thu, 05/31/2012 - 23:43 | 2482457 Cyrano de Bivouac
Cyrano de Bivouac's picture

Jerry Brown is too involved in the Browndoggle for that. The project that will build a railway that will send empty trains from one boonie town to another. 

Fri, 06/01/2012 - 01:13 | 2482464 The Big Ching-aso
The Big Ching-aso's picture



Browndoggled again.      And they still reelect him.   Unbelievable.

Sat, 06/02/2012 - 01:24 | 2486819 Phil Free
Phil Free's picture

I quote: " Git 'chore ass to Mahrrhz..!! "

Fri, 06/01/2012 - 01:32 | 2482624 TBT or not TBT
TBT or not TBT's picture

The Mayan version of soccer might do well on post-apocalypse tv networks, running in prime time against the Hunger Games or The Running Man.

Fri, 06/01/2012 - 05:54 | 2482832 StychoKiller
StychoKiller's picture

Rollerball FTW!

Fri, 06/01/2012 - 02:04 | 2482653 Hugh G Rection
Hugh G Rection's picture

transitory... I hope you fucks know how to shoot.

Fri, 06/01/2012 - 21:00 | 2486521 EatersOfTheFed
EatersOfTheFed's picture

I am sitting on my helmet so I don't get my balls blown off.

Fri, 06/01/2012 - 21:13 | 2486538 salvadordaly
salvadordaly's picture

OK lets get serious I am a newbee I got $20,000. If I am buying physical gold and silver, how would "YOU" split your purchase between the two? Serious advice please!

Thu, 05/31/2012 - 20:19 | 2481828 Chris Jusset
Chris Jusset's picture

Assuming that we can continue to print money and bailout banks, "the end" can be deferred for another year or two ... which brings us to 2013-14.  YIKES!!!

Thu, 05/31/2012 - 20:21 | 2481835 THX 1178
THX 1178's picture

I don't think it can last that long-- next time bernanke prints it's curtains.

Thu, 05/31/2012 - 22:14 | 2482217 sunaJ
sunaJ's picture



"Print to infinity" is theoretically possible, but infinite belief in printing is not. 

[Clearing throat]

[Curtain rises]

[Cue spotlight]


[Center stage: one giant, juicy turd]

Thu, 05/31/2012 - 23:17 | 2482408 CPL
CPL's picture

<Standing Ovation>


"Fantastic" declares the Financial Post.

"I laughed, I cried, it was better than Cats." spews the Economist

"Blockbuster!  Good stuff."  gushes Juggs Magazine.

Thu, 05/31/2012 - 21:01 | 2481967 jus_lite_reading
jus_lite_reading's picture

Does the word "exponential" mean anything to you?

>>Mid June - End of Sept 2012

Shit meets giant global fan

May God have mercy on us<<

Thu, 05/31/2012 - 23:43 | 2482101 The Big Ching-aso
The Big Ching-aso's picture



If we revert back 1,500 or 3,000 years we're talking hairy men, clubs, and knocked out women.  It'd be like a global W. Virginia.

Fri, 06/01/2012 - 00:31 | 2482533 mbarido
mbarido's picture


Fri, 06/01/2012 - 01:12 | 2482594 The Big Ching-aso
The Big Ching-aso's picture



I bet you're kinda anal.  

Fri, 06/01/2012 - 19:35 | 2486372 Jendrzejczyk
Jendrzejczyk's picture

He's just kinda W. Virginian.

They don't take kindly to even lighthearted jokes about their state.

I've been punched (hard) and no longer make off hand remarks about that state.

Sun, 06/03/2012 - 12:59 | 2489295 e-recep
e-recep's picture

so it's true then, you bunch are cave dwellers. :)

Fri, 06/01/2012 - 06:08 | 2482840 the tower
the tower's picture

The guy writes "...going back 40, and 1500 and 3000 years..."

First of all... AND? Which is it, 40 OR 1500 OR 3000?

Second... it's BS. Yes a reset will come. But jezus, don't we need it? It will be a LOT better for everyone were it not for the people that caused this mess doing their utmost best to keep it all going.

There's 1%-ers that don't want this BS to go on either you know...

I assure you there's other stuff playing that doesn't get media exposure but is just as influencial.

Thu, 05/31/2012 - 22:39 | 2482281 Bringin It
Bringin It's picture

It's expensive to hold the whole thing together. 

The goal is to maintain the illusion of democratic rule by getting through the elections without the pot going off the boil in the meantime.

Once the elections are over, all the bad news will tumble out.  However, even as the magic election day approaches, some bad news will begin tumbling out because ...

a) it is expensive to supress the horrors that await

b) it takes a while for the shreeples to put 2 and 2 together, so that, by the time they do [put 2 and 2 together], the democracy ritual will be behind us.

Thu, 05/31/2012 - 20:25 | 2481846 macholatte
macholatte's picture


Oxymoron: Junk Silver

Thu, 05/31/2012 - 20:37 | 2481891 Almost Solvent
Almost Solvent's picture

Reputable Banker

Thu, 05/31/2012 - 21:06 | 2481983 Pladizow
Pladizow's picture

Chris Duane doesnt like that term: he calls it "Constitutional Silver".

Fri, 06/01/2012 - 00:24 | 2482521 Tsunami Wave
Tsunami Wave's picture

mercury dimes

Thu, 05/31/2012 - 21:07 | 2481986 Richardk888
Richardk888's picture

Honorable John Corzine

Thu, 05/31/2012 - 22:20 | 2482238 Bizaro World
Bizaro World's picture

Honest politician

Thu, 05/31/2012 - 23:18 | 2482411 CPL
CPL's picture

Civil Servant.

Fri, 06/01/2012 - 00:12 | 2482506 Bansters-in-my-...
Bansters-in-my- feces's picture

Civil unrest...?

Thu, 05/31/2012 - 21:10 | 2481997 Idiot Savant
Idiot Savant's picture

Real Money

Thu, 05/31/2012 - 21:13 | 2482004 pods
pods's picture

Junk Silver, I like the sound of that. Yes, pun intended.

Love that ping.


Thu, 05/31/2012 - 22:55 | 2482345 The Big Ching-aso
The Big Ching-aso's picture



Marital sex.

Fri, 06/01/2012 - 01:55 | 2482644 Cosimo de Medici
Cosimo de Medici's picture

Rational expectations

Thu, 05/31/2012 - 20:35 | 2481884 stocktivity
stocktivity's picture

The wackos will be buying more guns and ammo

Thu, 05/31/2012 - 21:00 | 2481966 IAmNotMark
IAmNotMark's picture

I must be a wacko.  I was reading this article thinking:  I need another shotgun, and some more buckshot.  And another bag of rice.

Thu, 05/31/2012 - 21:56 | 2482145 IAmNotMark
IAmNotMark's picture

Someone gave me a thumbs down?  What's the matter?  Don't like rice?

Thu, 05/31/2012 - 22:18 | 2482226 Mr. Fix
Mr. Fix's picture

Love you on MW, love you here too.

Fri, 06/01/2012 - 09:08 | 2483469 IAmNotMark
IAmNotMark's picture

Thanks!  The only two places I post :)

Thu, 05/31/2012 - 22:11 | 2482203 CrimsonAvenger
CrimsonAvenger's picture

I just bought a year's supply of food - I haven't slept this good in a while.

Thu, 05/31/2012 - 22:23 | 2482243 Rubbish
Rubbish's picture

And when the 50 hungry neighbors say gee, Crimson hasn't come out of his crib for a month, he must have food stored...gulp


Learn to live with/like Sasquatch

Fri, 06/01/2012 - 00:21 | 2482517 CIABS
CIABS's picture

CrimsonAvenger:  Great.  Now buy a Handbook of English Grammar and Usage and start reading.

Fri, 06/01/2012 - 09:41 | 2483684 XitSam
XitSam's picture

Do you know how to cook it? How will you cook it? Where will you get water if not from the faucet? Will your electric company be able to buy fuel from suppliers? 

Thu, 05/31/2012 - 22:26 | 2482254 Bizaro World
Bizaro World's picture

Not Wacko, just a terrorist...just ask DHS.

Send in the drones...


Scary times, prepare well, desperate gov't/banksters/judges will do desperate things. Stack it high and not just your PM.

Thu, 05/31/2012 - 22:02 | 2482164 Abiotic Oil
Abiotic Oil's picture

And if the wheels do come off the buggy, all the "good" whackos and the "bad" whackos will have guns. You will not. The good whackos will keep the bad whackos away from their property with their guns. The bad whackos will then go to your home and do the standard rape and pillage dealio because you can't stop them.

Indian women know the score.

Thu, 05/31/2012 - 22:12 | 2482211 The Monkey
The Monkey's picture

This presentation is over the top. We'll see a lot of this stuff as the recession spreads and recognition sets in.

No matter, it is a very bearish picture looking ahead for equities & commodities, and yes, the central banks should get their fair share of blame for exacerbating the mispricing of risk.

Thu, 05/31/2012 - 20:47 | 2481922 OneEyedJack
OneEyedJack's picture

Today was a good day.  I had

1.   Electricity, For hot water shower and cooking.

2.   Running Water, for cooking anf flushing.

3.   Gasoline,  To use for where I choose to go

4.   Grocery Store, To fulfill the need to eat.

Man,  These Are The Good old days our kids will talk about.


just sayin

Thu, 05/31/2012 - 21:01 | 2481968 IAmNotMark
IAmNotMark's picture

Well said!

It was an even better day, because:

1.  I made more money than I spent.

2.  Silver is still on sale.

Thu, 05/31/2012 - 21:09 | 2481994 Pladizow
Pladizow's picture

And Mama cooked breakfast in the morning with no hog.

Thu, 05/31/2012 - 23:18 | 2482413 tekhneek
tekhneek's picture

Today I didn't have to use my AK.

Fri, 06/01/2012 - 00:48 | 2482567 Yellow Tang
Yellow Tang's picture

2 in the morning got the fat burger.....I gotta say it wa a good day.

Fri, 06/01/2012 - 06:44 | 2482885 francis_sawyer
francis_sawyer's picture

Messed around & got a triple double...


(not to mention... my jimmy runs deep, so deep put her butt to sleep)

Thu, 05/31/2012 - 21:01 | 2481969 LeBalance
LeBalance's picture

all these things are temptations that make us weak.  we were strong of body and will, wild and free.  then someone tasted the "sugar" somewhere and the dive into weakness began.  not that there is anything wrong with such an experience.

but to think that being deprived of such things makes life anything other than life is...odd.


I am used to the dollar bill, so shall we look back upon this time when dollars were present as anything other than a trip, a temptation, a journey?

it is similar with every "oh I just need that in my life all the time" thing.

whatever did man do before cars when he had to walk or ride a horse?  O-M-G they were is SHIT then I bet.

/giggle/  I josh!

Thu, 05/31/2012 - 21:45 | 2482116 mtomato2
mtomato2's picture

I have a horse! :-)


Fri, 06/01/2012 - 01:56 | 2482646 Hulk
Hulk's picture

I got a saddle !!!

Fri, 06/01/2012 - 08:12 | 2483097 boiltherich
boiltherich's picture

Hulk, if you have a saddle does that mean we can ride you?

Fri, 06/01/2012 - 23:33 | 2486710 Hulk
Hulk's picture

For the sake of the children here, I have to withhold my answer...

Fri, 06/01/2012 - 10:47 | 2484065 mtomato2
mtomato2's picture

Honeee, babyyyy, MINE!!!

Fri, 06/01/2012 - 23:36 | 2486711 Hulk
Hulk's picture

Together, we goin ride, ride, ride...

(my compliments to Mel Tillis, for providing this brief respite from worldwide financial collapse)

Thu, 05/31/2012 - 21:14 | 2482008 westboundnup
westboundnup's picture

Our kids might believe you.  Their kids might not.

Thu, 05/31/2012 - 21:29 | 2482058 merizobeach
merizobeach's picture

After all the GMO soy that you and your kids will have eaten, your grandkids generations will not be in a position to disbelieve anything because they'll be sterile and retarded with low birth weights, high infant mortality, and hair growing out of their gums around their teeth, among other deformities.  Google it if you haven't.

Fri, 06/01/2012 - 02:02 | 2482651 Cathartes Aura
Cathartes Aura's picture

and after you've googled it, get yourself a small magnifying glass & do some detective work at the supermarket - shit's in everything, I kid you not.

plus many upvotes of reality.

Thu, 05/31/2012 - 22:24 | 2482246 smb12321
smb12321's picture

I don't know why folks think that a financial collapse will mean the physical destruction of buildings or a retreat in technology.   Bridges will still stand, electricity will still flow, food will still grow and be picked - only things will cost much more and increasingly, non-local items will become scarce.   I can't imagine why we'd use horses or wash clothes in the river.  

Fri, 06/01/2012 - 00:35 | 2482539 Iwanttoknow
Iwanttoknow's picture

Why is this guy trashed?

Fri, 06/01/2012 - 01:06 | 2482590 Itch
Itch's picture

Because thats the reality doomers hope for, thats the only reality in which they would be of any use.

Fri, 06/01/2012 - 05:03 | 2482785 TWSceptic
TWSceptic's picture

Because if you expect people to work for paper currency which is worthless, you are deluding yourself and others. More likely there will be riots and empty store shelves.

Fri, 06/01/2012 - 00:31 | 2482535 Sam Clemons
Sam Clemons's picture

Unfortunately for governments and bankers, you will still have all those things after their oh-so-important financial system falls apart.  This is not the end of the world for the functional economy.  Just the fraudulent paper economy.

Thu, 05/31/2012 - 21:47 | 2482119 lailapa
lailapa's picture

The end of the world is near ...The ten plagues of Pharaoh “have been brought upon” the USA.

Thu, 05/31/2012 - 22:20 | 2482232 The Monkey
The Monkey's picture

The end of the world has been coming since the dawn of time. It will still be coming after we get through this. Maybe, if we have a meltdown in Europe, it develops into a deep recession. Either way, the world will go on.

Thu, 05/31/2012 - 21:59 | 2482162 HomeBrewPrepper
HomeBrewPrepper's picture

I thought he was going to talk about nibiru, or 2012. But whatever, the world , or people who do not prepare for the rebirth will perish.

Thu, 05/31/2012 - 22:14 | 2482221 Gully Foyle
Gully Foyle's picture

I just watched this the other day

Continuum is a Canadian science fiction series starring Rachel Nichols that premiered on Showcase on May 27, 2012.[1] The first season will consist of 10 episodes.[1]

Vancouver City Protective Services (CPS) Protector Kiera Cameron (Rachel Nichols) is transported from the year 2077 to 2012 when a group of terrorists from her time escapes execution by fleeing to present day. In order to track them down and stop them from endangering the past, Kiera joins the local police force and uses the skills of a young tech genius, Alec Sadler (Erik Knudsen). However, the future of 2077 is a dystopian one in which world governments have collapsed and mega-corporations now dominate the planet, instituting a high-surveillance police state and removing many basic social freedoms. The moral dilemma this presents is that the eight terrorists from 2077 (who call themselves "Liber8"), while self-admittedly having killed tens of thousands of people, consider themselves to be freedom fighters against the Orwellian corporate regime that dominates their time.

Alec Sadler actually grows up to be the man who invents much of the cybernetic technology that is implanted into Kiera, so she sought out his teenaged self as the only person in 2012 who could even begin to aid her with her own implants. However, in sixty years time, an elderly Alec Sadler is actually the head of the mega-corporation that sent Kiera back in time to 2012. Young Alec points out that there are essentially two possibilities. The first is that this is a time loop, and elderly Alex in 2077 had already met Kiera, remembered everything they did together, and was possibly even inspired to create cybernetic technology from encountering "his" future work in her implants. In this case, nothing can be changed, and the mega-corporations will still dominate the planet in 2077. The second possibility is that the time travel of the terrorists and Kiera has altered the pre-existing timeline, and due to their intervention it is no longer certain what 2077 will be like.

Thu, 05/31/2012 - 23:22 | 2482424 Ranger4564
Ranger4564's picture

Sounds interesting.  Thanks.

Thu, 05/31/2012 - 23:27 | 2482433 CPL
CPL's picture

Just watched it and it sucked a bag of donkey's wangs.


It was yet another Vancouver desiguised as Seattle..Portland...PacNW city general city future thriller based in current timelines, with a chick in a skin tight suit chasing semi-super bad guys..




Fri, 06/01/2012 - 06:40 | 2482883 memyselfiu
memyselfiu's picture

Actually it was pretty in your face Vancouver....and it has potential....go back and watch a few pilots from shows you ended up loving and see how cheesy they were when they began.

Thu, 05/31/2012 - 22:46 | 2482317 candyman
candyman's picture

There are many doomsdayers poping up every day, but nothing changes.The more doomsdayers the more normal the market becomes.  I remember reading the daily writings of Rosen day after day only to lose day after day, for years. A 40 pt down day is a disaster but a 150 pt move up is normal .At what point do you say "this time is different", and capitulate? I dont think capitulate will ever occur. Its the new norm. <And im a total bear>

Thu, 05/31/2012 - 23:09 | 2482389 The Monkey
The Monkey's picture

Bears have control of the market for the time being. Once they are all aboard, the bulls will return with a vengeance (albeit at lower prices). Ru Paul will have closed his shorts and sold his bearish options.

Fri, 06/01/2012 - 06:02 | 2482838 mind_imminst
mind_imminst's picture

This has got to be a bullish sign! Stocks will rip today! CNBC no doubt will say it is the best time to buy stocks! Wooohooo! Give me more FB shares!

Sun, 06/10/2012 - 16:59 | 2512753 ermes_c
ermes_c's picture

Raul's been super negative since 2009.... hiw have thise trades done?

View on a big reset / defaults and currency debasement makes sense, wouldnt hold my breath on the whole timing aspect though!

Thu, 05/31/2012 - 20:08 | 2481791 HyperinflatmyNutts
HyperinflatmyNutts's picture

Wake me up when Gold crosses  3k untill then I will be in bed... 

Thu, 05/31/2012 - 21:02 | 2481971 LeBalance
LeBalance's picture

alone? or counting...(ahem) your gold i mean!

Thu, 05/31/2012 - 20:08 | 2481792 LongBalls
LongBalls's picture

Tin helmets my ass. I'm putting on a concrete bunker.

Thu, 05/31/2012 - 20:09 | 2481796 justanothernerd
justanothernerd's picture

This is bullshit -- people have been calling for the end of time forever now and the reasons are always different. 

Thu, 05/31/2012 - 20:30 | 2481860 Cole Younger
Cole Younger's picture

What part of "The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives…" don't you understand?

Thu, 05/31/2012 - 21:21 | 2482028 cjbosk
cjbosk's picture

To assume that 700 trillion in derivatives is a one sided bet implies that it is you who lack an understanding of the system.

Thu, 05/31/2012 - 21:50 | 2482128 sunny
sunny's picture

Is that the same system that Greedspan and Bernanke said were well ontrolled and contained and there were no fundamental risks to the economy?  Just asking.


Thu, 05/31/2012 - 22:39 | 2482283 cjbosk
cjbosk's picture

So you're saying Greenspan and Ben created the CDS?

Just askin

Thu, 05/31/2012 - 23:36 | 2482447 nope-1004
nope-1004's picture

That bitch Blythe Masters did.  And by the way, you are correct that the 700 trill in derivatives is not a one sided bet.  But answer the next part of that:  Who is the counterparty to an insolvent sovereign?  Will Spain bailout Greece?  Will Latvia bailout Spain?

The point is we've hit the end of the rope.  This isn't just a bad bank problem, this is a sovereign debt problem.  And when you start to hear the likes of JPM taking on 100:1 leverage in the IRS complex to manipulate TNX, you know the end is near when JPM then announces "unforeseen massive losses".


Thu, 05/31/2012 - 22:28 | 2482240 Ropingdown
Ropingdown's picture

People fixate on the 700 trillion in derivatives, but neglect the serious issues of the 70 trillion G10 debt posted in large part as collateral.  Derivatives mean nothing in a true sovereign debt crisis.  It is the collateral itself which is crucial for ongoing finance of industry and primary finanial markets.  Governments can nulliify most of the derivatives contracts.  They cannot nullify their own debt without unthinkably horrible consequences.  What they can do is debase the value of their debt, as they have relentlessly for many decades.  The massive problem is the size of the banks and the risk they hold once nations pull away from the euro and insist on converting the value of euro debt at a fixed rate per new currency at the moment of adopting their national currency: The currency then, for most of them, depreciates 50% quickly...and the external banks holding the converter's bonds suffer very large immediate losses.  This is why Germany has to be the first one out, and soon: They need to control a currency with which to save their own banks, i.e. Deutsche, rather than all the banks of Europe.  The euro cannot fill that function.

Thu, 05/31/2012 - 23:20 | 2482416 Ookspay
Ookspay's picture

BIN-fucking-GO! We have a winner!

Thu, 05/31/2012 - 23:29 | 2482435 Stuck on Zero
Stuck on Zero's picture

Good job RopingDown.  The $700 trillion in derivatives is meaningless if the four largest banks aer simply nationalized.  As an example, my wife and I have issued $14 quadrillion in debt notes between us and still sleep nights.  There is nothing in the current financial crisis that cannot be solved quickly by throwing about 1000 people in jail and reorganizing the banking industry.  After that, market forces will put everything but the banks (and central banks) back into order.


Fri, 06/01/2012 - 06:45 | 2482889 twotraps
twotraps's picture

exactly, remember when the irish banks tried to conjure up a billion they could keep depositing in each others bank for collateral, hillarious.

Thu, 05/31/2012 - 22:24 | 2482248 constantine
constantine's picture

The point is that neither of the two sides could ever cough up the cash once it is called... and once a major bank implodes some will be called... then that bank will implode... which will cause it to default on all of its derivatives... and you have a sort of fission-based financial meltdown... should be interesting... 

By the way, I just bet $10,000,000 with my neighbor that the Spurs will beat the Heat in the NBA finals.  The local bank has issued insurance on this bet and apparently has decided to call it an asset.  In the meantime, I've already ordered my new New York Condo that I'll be able to easily afford once I collect my winnings.  I'm an E6 in the Navy and he's a roofing contractor.

Sat, 06/02/2012 - 12:09 | 2487232 kahunabear
kahunabear's picture

Thumbs way up!!

Thu, 05/31/2012 - 21:23 | 2482033 onelight
onelight's picture

Good point put I wonder if they don't just cancel 'em, net 'em out and done, too bad.

Find a way to adjust, in other words, since absent that factor the prolonged muddle through can happen otherwise, so some geniuses that helped make all this crap will figure out a way to nullify.

Seems like there would be a public way to say, enough with the crap those idiots invented -- net it out and nullify. Find a way, if that is the deal. One big global high level conference, to neutralize the threat, amortize over 3 generations the remainder.

Thu, 05/31/2012 - 22:07 | 2482192 Bonesetter Brown
Bonesetter Brown's picture

Fair 'nuff.

But what if everyone is using favorable marks on their positions?

These derivatives are supposed to net to zero, but do you really think the marks net to zero?

That is why this is a big deal.

You don't find out who has been swimming naked until the tide goes out.

Thu, 05/31/2012 - 21:44 | 2482109 Things that go bump
Things that go bump's picture

As the courts said when the tulip mania came to an end:  Gambling debts and thus legally unenforceable.  

Thu, 05/31/2012 - 22:24 | 2482244 Calmyourself
Calmyourself's picture

BREAKING NEWS: The President has just declared under executive order 256735 that all CDS and derivative contracts have been devalued by a factor of 1,000. 

Problem solved, what are you going to do about it...  You gentleman continue to place rules and law in the way of expedience as handicaps to our betters.  When will you learn it is easier to use the sycophantic media to cover the above than for the 1% to lose 99%...  No law, contract or agreement will be allowed to collapse the ponzi  (path of least resistance) it is always easier to lie and cheat and that will happen until the supply chain is interrupted..  Do you think the media was completely subverted over the last five -ten years for no purpose other than the ascension of BO?

Thu, 05/31/2012 - 21:03 | 2481973 IAmNotMark
IAmNotMark's picture

Don't believe it then!  Go about your happy life, singing the glad song.

I almost wish I didn't see the approaching hurricane...I almost wish I was oblivious to the oncoming disaster.

Thu, 05/31/2012 - 22:08 | 2482194 HomeBrewPrepper
HomeBrewPrepper's picture

The problem with that statement is I have and many do a family to tend. Me personally a hot wife and three adorable kids at there young age are learning basic and advanced skills of farming and defense. Even though they might not realize it. They are learning tools of life passed along for generations. Other people learn it in books at an older stage if they are lucky..

Thu, 05/31/2012 - 23:36 | 2482436 Ranger4564
Ranger4564's picture

Me:  We can insert you back in, no problem.  You'll be someone famous like, a movie star, and rich.  We have a deal Mr. IAmNotMark?

You:  I won't remember anything?  I don't want to remember anything... You understand?

Me.  You won't remember anything.


ha ha ha ha hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

Thu, 05/31/2012 - 21:16 | 2481998 Cabreado
Cabreado's picture

"This is bullshit -- people have been calling for the end of time forever now..."

Perhaps you should elaborate...

Which part of the presentation is "bullshit?"

Where in the presentation does it call for the "end of time?"

And I say kindly... be careful to eliminate emotions in your consideration of what's what, as best you can.

Fri, 06/01/2012 - 04:01 | 2482409 1984
1984's picture

Perhaps the objection/bullshit part refers to the timing, not how things will play out.  I'd be inclined to believe the timing if I read it back in 2007.  But after witnessing the miracle of the last 5 years, I realized how totally I've underestimated the the lengths people are willing go through to avoid facing reality.  The more dire the consequence, the more they're willing to suspend belief.  Therein lies the real power of Bernanke's printing press. 

Thu, 05/31/2012 - 23:37 | 2482453 The Monkey
The Monkey's picture

I'll elaborate for him. The presentation sucks because it DOESN'T connect the dots. There is no cogent argument offered. Explain each of these dots which connect the picture, quantify them, and go through the counterpoint.

Tyler, really?

Fri, 06/01/2012 - 00:45 | 2482561 Itch
Itch's picture

Im reminded of that preacher who said the world was going to end a few months back, and now that he’s wrong he just conveniently admits that he got his dates mixed up...that has been the general dynamic of the “doomer” argument more or less from the seventies…”ok we weren’t right this time so move the goal posts out a little (again), it‘s ok though, because our followers are too hysterical to notice“ .

Is it really the correct objective analysis of a chaotic system that doomers are in possession of, or is it just unhinged hysteria? Knowing the absolute weakness of the human mind and its susceptibility, I have to go with the later, and im sorry if that offends.

I know that bad things happen in the world, I know how perilous the situation is, and its true that this time it could be about to turn ugly; but things are always about to go wrong at any minute, that’s the nature of reality and our interpretation of it. Then, something comes from nothing, just like the universe did, just like you did (you can dust down your unicorn argument for that I suppose…). Do you die in hope, or live in fear?

And by the way, before you say you are just erring on the side of caution… erring on the side of caution is what you do when you bring an umbrella to the beach, fear is what happens when contemplating economic collapse.

Fri, 06/01/2012 - 06:56 | 2482916 twotraps
twotraps's picture

Caution is bringing that umbrella to the beach, perhaps rethinking your financial situation in light of disruptions or changes that could come from tremendous imbalances, panic etc.  Economic collapse is dramatic and I believe at a minimum bernanke and the crew respect the prospect of a major dislocation.  The only place I can agree with your point is there will likely be so many rule changes that there is no way to prepare for anything or game it unless you are on the inside.   If you mean 'fear' like the paralyzing kind that clouds your thinking and is paranoid...then yes.  Otherwise, I think a little fear might do someone good just to review what steps they can take now to protect what they have.  Hate to split hairs but you make it sound like Any part of this article/idea is totally wrong, I don't agree with all of it but the point is that major imbalances could finally overwhelm the system.

Thu, 05/31/2012 - 21:20 | 2482021 Dead Canary
Dead Canary's picture

A FEW people have been calling for the end forever. Now MANY are. That's the difference.

Thu, 05/31/2012 - 23:55 | 2482482 The Monkey
The Monkey's picture

When MOST are, I'll be buying stocks, not selling them.

Fri, 06/01/2012 - 01:53 | 2482642 CvlDobd
CvlDobd's picture

I think I can round up a few to sell you.

Thu, 05/31/2012 - 21:48 | 2482123 DionysusDevotee
DionysusDevotee's picture

You just defined "Normalcy Bias".  You know that right?

Thu, 05/31/2012 - 20:09 | 2481797 B-rock
B-rock's picture

Bring it.

Thu, 05/31/2012 - 20:09 | 2481798 Joshua_D
Joshua_D's picture

This is not the end. This is not the beginning of the end. It is the end of the beginning.




Wooo hooo! Hang on for the ride babies!

Thu, 05/31/2012 - 20:14 | 2481808 rubearish10
rubearish10's picture

Kris Kristoferson/ THE Millenium 

Thu, 05/31/2012 - 20:35 | 2481882 Joshua_D
Joshua_D's picture

-2?!? Who doesn't love Millenium!

Thu, 05/31/2012 - 20:12 | 2481800 uno
uno's picture

so he's a financial terriorist who lives in Spain and hears knocking on the door, could be 6 months left for him.  Good Riddance

Thu, 05/31/2012 - 22:40 | 2482292 Sabibaby
Sabibaby's picture

He just realized he got Zuckerberged!

Fri, 06/01/2012 - 10:24 | 2483534 onelight
onelight's picture

Interesting point, about the financial terrorist stuff.

This article was removed from BW, but here he is, saying the same thing in "late May 2010":

When I hear someone say "in terms of timing, it seems" and then the result is Armageddon, although i like the simple charts he showed, they also seem too obvious not to be worked around, and I would want to see deeper analysis, not just histrionics.

That said, fwiw, I think the whole derivatives mess was fraught w corruption and damaged our democracy and free enterprise system, and I speak as one who wants to restore that, so no Pangloss here

Thu, 05/31/2012 - 20:13 | 2481806 urbanelf
urbanelf's picture

Damn.  I'm gonna need two tinfoil hats.

Thu, 05/31/2012 - 21:07 | 2481985 Coast Watcher
Coast Watcher's picture

Tinfoil hats AND tinfoil Depends. Got to cover all the possibilities.

Thu, 05/31/2012 - 21:56 | 2482147 Ness.
Ness.'s picture

Cast iron pots work well too, and you can cook fresh eggs on it when you're done.

Fri, 06/01/2012 - 03:36 | 2482726 The Navigator
The Navigator's picture

I don't mean to start a run on aluminum window screening at Home Depot (cause I still need several more rolls) but that's the product you need to protect against EMPs and any Military projecting radio waves to cook you. You can see thru it (to monitor enemy movements) and still be protected.

Thu, 05/31/2012 - 20:14 | 2481810 francis_sawyer
francis_sawyer's picture

A few quadrillion here, a few quadrillion there... Pretty soon you're talking about some serious money...

Thu, 05/31/2012 - 21:26 | 2482049 Al Gorerhythm
Al Gorerhythm's picture

I know you're being facitious but....... you can't be talking about serious money when you start printing chits with zeros to the power of 12 on them.They'll have to reduce the size of the dead president on them.  That's getting funny or.........."unfunny".

Thu, 05/31/2012 - 20:14 | 2481811 Beevreetr
Beevreetr's picture

I got a question... with gold going teir 1... Will silver still follow it upward at the same rate?

Thu, 05/31/2012 - 21:06 | 2481980 IAmNotMark
IAmNotMark's picture

FOFOA gives reasons why it will not.

I believe that the natural ratio will be re-applied and 15 ounces of silver will trade for an ounce of gold.

Thu, 05/31/2012 - 21:25 | 2482043 flacon
flacon's picture

Then I'd better get me more of the white meat while the ratio is 50+!

Thu, 05/31/2012 - 22:38 | 2482282 Ropingdown
Ropingdown's picture

If a crisis of the magnitude suggested by the posting occurs, what happens next is no mystery.  The military takes over under the nominal leadership of the exective.  They call up all Guard units.  They print their own money for use during the emergency and your money becomes, at least temporarily, worthless.  They focus control on food and energy supplies and transport.  If you have gold you hide it for the duration.  I don't think this will happen but that is how things really work during an "emergency," whether in  europe, asia, or the US.  SSN checks still go out for exchange into new currency when the check is verified, etc.  Your world may come to an end but the government's world definitely does not come to an end.  You know who gets the petroleum reserve, right?  The grain in elevators?  The stockpiles of cheese and powdered milk?  Not you, unless you are "vital" or compliant.

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